Launched in 2014, STForex is an online financial services provider that claims to serve over 400,000 clients in 5 countries, providing them with the MetaTrader 4 trading platform for trading a wide variety of financial markets, including cryptocurrencies, forex, metals, indices, stocks, and more. There are multiple account options with a required minimum deposit of $10, spreads from 0.3 points, and leverage of up to 1:1000.
STForex Review, Pros & Cons
- Popular MetaTrader 4 trading platforms
- Educational resources
- A range of trading tools
- Many financial instruments
- Unregulated broker
- Located offshore
- Not the lowest commissions
- No MetaTrader 5 or cTrader platforms
- No USA clients
In this detailed STForex review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
STForex is an online trading broker that is based in Kingstown, Saint Vincent and the Grenadines and is known for its technological and innovative approach to the financial markets. Trades are executed on the intuitive MT4 trading platform, and there are some useful trading and learning tools. There is also a client support team on hand to assist traders.
There is no regulatory information on the broker’s website at the moment. Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The broker allows traders from different parts of the world to open a live trading account with them if their countries of residence permit online trading with international brokers.
Some STForex features and products mentioned within this STForex review may not be available to traders from certain countries because of legal restrictions.
STForex allows its clients to trade on the advanced MetaTrader 4 trading platform. The MT4 trading platform is regarded as one of the industry standards for foreign exchange trading and strategy automation, and users can access thousands of trading robots or indicators right in the platform and launch them into the platform immediately. The MT4 platform allows you to implement nearly any kind of trading strategy. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers, a WebTrader, and a mobile trading app that is compatible with Android and iOS devices and can be freely downloaded from the respective app stores.
STForex Trading Tools
The broker provides an economic calendar on its website.
There is a good selection of educational resources on the broker’s website, which are designed to help traders in making knowledgeable trading decisions. They include a range of trading courses, company news, and more.
STForex offers the following trading instruments: cryptocurrencies, forex, metals, indices, stocks, and more.
STForex Accounts & Fees
The broker offers a variety of different trading account types to meet the individual trading needs of clients, and they include Classic and Pro Accounts with required minimum deposits of $10 and a minimum trade size of 0.01 lots. There are also the Cent and Demo Accounts, which are both suitable for beginner traders and testing strategies respectively.
As broker fees can vary and change, there may be additional fees that are not listed in this STForex review. It is imperative to ensure that you check and understand all of the latest information before you open a STForex broker account for online trading.
STForex has a professional customer support team that offers quick responses to clients’ inquiries via telephone, email, Live Chat, and social media.
STForex Deposit & Withdrawal
Deposits and withdrawals at STForex are processed through the following payment methods:
- Bank transfers
- Credit/Debit cards
STForex Account Opening
Account opening is a straightforward process; simply click on the ‘Sign Up’ button and enter your phone number, and your password will be sent via SMS. You can then use that to log into your account.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
STForex is an online trading broker that provides traders with the intuitive MT4 trading platform for trading several financial assets online. Traders can also benefit from some trading and learning tools, as well as a reliable client support team. There are two account options to choose from. However, the broker is not regulated by any known financial authority. This may cause concern for some potential traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.